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Real Estate Investing

Real Estate Investing
By Shane Harder

If you’re approaching retirement, moving out on your own or somewhere in the middle, you've begun to think about your financial future and investment portfolio. It’s time to take action! So where should we start? Investing can sometimes feel like an Amazon rain forest, full of obstacles. Ambiguous terms like, market cap, return on equity, and inflation can be a bit confusing to say the least. However, all these terms are just as easy as your grade 8 math class.

Many investors are waiting on the sidelines of the real estate game for things to get better. They will… eventually get into the game. But let’s consider some basic supply and demand principles. The population explosion from immigration and demand for British Columbia housing will continue on a steady pace for at least 45 years. Real estate doesn’t simply boom and bust like a penny stock traded on the exchange markets. It comes and goes in waves, causing a doubling in prices every time around. Many are sitting on the sidelines waiting for the magic green light to flash “buy me”, “buy me”. This may not be the best idea. If you notice, bargains are everywhere, and interest rates are still cheap!

When the overwhelming news is negative, that generally signals the bottom of a market. If you are waiting until the Vancouver province newspaper cover says the market is rebounding, it’s a mistake. By the time the media signals the green light, it will be a year too late! We’ve all heard the simple concept of buy low, sell high. This old trick is used time and time again by savvy real estate investors that know how to make hundreds of thousands of dollars off people who are too nervous to get into the real estate market until it’s too late.

People are sometimes lured into real estate because of the quick buck. Don't hold your breath, you won't get rich quick. Successful real estate investors usually spend an average of 5 years before they see profit. More than 90% of the people who get into real estate quit after three months. This fall out stems form a ack of action and unrealistic expectations. Investing should be treated with the seriousness of a career. It takes months, even years for a business to cultivate customers and have a life of its own. You need to treat real estate like any other business.

Give yourself at least six months to see if real estate works for you. It may even take a year before you buy your first property. Maybe in the second year you will buy three or four properties. If you work hard at it and keep your eyes and ears open, you may even find your first deal in 30 days. You will not make money by talking or thinking about it; you must go out and take action.
Shane and Sheleana Harder own and operate BCHN.com, working to provide their clients with nothing but the best in quality education.

For details about busname, more articles about BC Investments and other British Columbia Real Estate information visit BCHN.com BC's Real Estate Search Engine!
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